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ASEAN STOCK WATCH Asean Affairs  6 May 2014 


Singapore

06 May 2014

The Straits Times Index (STI) ended +3.96 points higher or +0.12% to 3245.56, taking the year-to-date performance to +2.55%.

The FTSE ST Mid Cap Index gained +0.09% while the FTSE ST Small Cap Index gained +0.45%. The top active stocks were Genting (+2.67%), SingTel (-0.27%), UOB (+0.75%), DBS (-0.23%) and Sembcorp Marine (unchanged).

The outperforming sectors today were represented by the FTSE ST Utilities Index (+2.33%). The two biggest stocks of the FTSE ST Utilities Index are United Envirotech (+3.83%) and Hyflux  (unchanged). The underperforming sector was the FTSE ST Telecommunications Index, which declined -0.23% with SingTel’s share price declining -0.27% and StarHub’s share price gaining +0.24%. The FTSE ST Oil & Gas Index gained +0.28%.

The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (unchanged), DBXT FTSE Vietnam ETF (-3.47%), SPDR Gold Shares (-0.21%).

The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+0.86%), CapitaMall Trust (+0.50%), OUE Commercial REIT (unchanged).

The most active index warrants by value today were HSI22200MBeCW140529 (+2.04%), STI 3350MBePW141031 (-2.16%), HSI22400MBePW140529 (+17.54%).

The most active stock warrants by value today were UOB MB eCW140801 (+11.50%), DBS MB eCW140901 (-3.82%), KepCorp MBeCW140701 (-2.17%).

Singapore Stock Market
                               Tuesday                    Monday
*ST Index         3,245.56  +3.96      3,241.6  -10.95
Volume:                 1,253M                  1,427.7M
Value:                  $670.1M                   $819.8M
Gainers/Losers:     240/186                    167/256


Indonesia

Trade Summary
Date As of:     06 May 2014    
Description                Volume                             Value    Frequency
ETF                          126,900                  52,791,200                34
Stock              3,559,269,899      3,134,085,419,398       145,134
Right                  152,512,689                183,160,627                 21
Warrant               68,490,800              3,349,706,050               936
Total               3,780,400,288       3,137,671,077,275        146,125


Thailand

Thailand Futures Exchange's new trading and clearing systems go live

 
Bangkok, May 6, 2014 - The Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand (SET) group, announced the successful launch of its new derivatives trading and clearing systems today, operating smoothly on the same platform as the equities trading's SET CONNECT. With well-proven technology by Cinnober and developed by Korea Exchange, the new systems provide cross-asset class trading efficiently and could support multi-currency and multi-market trading.
 
SET and TFEX Chairman SathitLimpongpan said "This development is part of SET's  three-year strategy (2014-2016) aiming to boost efficiency of its infrastructure in connecting to global capital markets, thus strengthening its capabilities.

It will also increase SET's international competitiveness among the world's leading stock exchanges, as well as supporting future expansions of the Thai capital market."
 
TFEX Managing Director KesaraManchusree said that the integration of the two  trading systems to become a single platform enables investors to design strategic trading for the cross-asset class efficiently. With a world-class multi asset platform based on high performance and flexible solution, the new clearing system helps increase capacity of risk management following international standard, supports real-time connectivity to clearing houses with
depository and settlement services worldwide, as well as multi-market and multi-currency trading.
 
"We have received great cooperation from all broker members in testing the new  systems for over months before going live. This will certainly ensure investors that the new platform is secure and stable, as well as capable of meeting current and future trading demands efficiently," Kesara added.
 
Today is also the launch of mini SET50 Futures, designed to reduce its contract  size to be one-fifth that of the current SET50 futures. It was received well response with trading volume of 84,609 contracts, while the total trading volume  of TFEX was 214,960 contracts worth of THB 21.30 billion.

Trading Summary

As of   6  May  2014         Unit: M.Baht
Type                             Buy                 Sell               Net
Institution               2,601.75          2,430.98        170.77     
Proprietary            2,990.67           3,282.92      -292.24     
Foreign                  5,069.48           4,702.89       366.60     
Individual             16,349.70         16,594.82      -245.12     
Total Trading Value     27,011.60 M.Baht             


Vietnam

Vietnam index hits near 3-month low on high volume


Vietnam's benchmark stock index  fell to a near three-month low in an active trading session on Tuesday, hurt by widespread selling by retail investors.

About 70 percent of stocks lost ground, dragging the index  down to its lowest close since Feb. 11, Reuters data showed.
    
"Investors, especially retailers who practiced trading on margin, were tapering their risk appetite," said deputy manager Nguyen Hoai Nam of Maybank Kim Eng Securities.

The country's two biggest listed firms led the losses, with PetroVietNam Gas   falling 1.51 percent and dairy product maker Vinamilk   dropping 2.92 percent.
    
Trading was active, but mostly due to withdrawals by investors who now preferred to stay on the sideline, Nam added.
    
The index closed down 1.72 percent at 555.11, with trading volume almost double the five-day average level. Over 100 million shares changed hands on Tuesday, Reuters data showed.
   
 With the index in its downward trend after gaining as much as 20 percent during the first quarter of 2014, analysts expect Vietnamese equities market to move range-bound in coming weeks.
   
 Here is a snapshot of the VN Index  at the close

                         VN Index       555.11            
                PREV. CLOSE       564.85            
                   % CHANGE       -1.72%            
                                                  
                     HIGH       562.36            
                      LOW       545.97      


Asean

SE Asia Stocks-Thai shares fall ahead of court ruling on Prime Minister


Thai stocks fell to their lowest  in nearly three weeks on Tuesday as investors cashed in on recent gains ahead of a court ruling on Wednesday in an abuse of power case against Prime Minister Yingluck Shinawatra.
    
Thai SET index  finished down 1.2 percent at 1,404.01, the lowest close since April 16.  
    
Shares of Banpu Pcl   were among top percentage losers, down 4.1 percent. The stock hit a four-month high last  week on expectations that the coal miner would post strong earnings for the January-March quarter on the back of high coal sales.
    
Shares of Vietnam were among underperformers, with the benchmark stock index   sliding to a near three-month low amid widespread selling by retail investors.
   
 In Jakarta, shares   eased 0.2 percent as recent weak first quarter GDP growth kept investors wary ahead of Bank Indonesia's policy meeting on Thursday. 
    
Indonesia's central bank is expected to keep its benchmark policy rate  unchanged, as pressures over inflation and a widening current-account deficit have eased, a Reuters poll showed.  
    
Domestic investors led among sellers in the region while foreign investors recorded modest net buying after a subdued session due to holidays in key Asian markets, including Japan
     
Malaysian shares recorded foreign inflows of 25.14 million ringgit ($7.7 million), Philippine a net 479.2 million peso ($10.8 million) and Indonesia a net 102.4 billion rupiah ($8.9 million), stock exchange and Thomson Reuters data showed.

      
SOUTHEAST ASIAN STOCK MARKETS

 Market                          Current     Prev Close       Pct Move
 TR SE Asia Index*        418.94             419.80          -0.20
 Singapore                    3245.56          3241.60          +0.12
 Kuala Lumpur              1860.43          1860.54           -0.01
 Bangkok                      1404.01          1421.48           -1.23
 Jakarta                         4834.47          4842.50           -0.17
 Manila                         6765.93           6766.46           -0.01
 Ho Chi Minh                  555.11             564.85           -1.72
 



 
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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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